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I will assume EQN will be constructed upon the same engine etc. of EQNL? if so I'm looking forward to EQN. (I will not be playing EQNL, it's not my type of game)
I've also changed my mind about the cartoony graphics, I like them now. I like the harvesting, collecting, building and crafting (crafting seems a bit too simple though).
If they can create a good group/raid/craft/build MMO based on EQNL this is probably the game I've been waiting for after many many years.
I'm hugely skeptical over any new MMO release, but this does look as though it may be a true "next-gen" MMO.